SBI UPI Limit: To avoid unnecessary expenses incurred by customers, State Bank of India (SBI) has set a limit for UPI.
SBI UPI Limit: The trend of making money transactions digitally is increasing rapidly in India. Cashless transactions made through UPI are easy and risk-free for people. Therefore, it is being used by more and more people.
People prefer digital payment methods to fulfill their small and big needs. UPI transactions have not only removed the hassle of keeping cash safe but also reduced the need for frequent ATMs and cards. However, over-reliance on digital payments can sometimes lead to financial imbalances. Hence, more attention is needed on these.
State Bank of India
Keeping this in mind, to avoid unnecessary expenses incurred by customers, State Bank of India (SBI) has set a limit for UPI. SBI has set a maximum limit of 10 UPI transactions per day for its customers. However, customers can manage this limit as per their needs.
Customers can change their UPI transaction limit at SBI if they wish. What is SBI UPI transaction limit? How to change SBI UPI limit? You can know about it here.
What is SBI UPI Transaction Limit? What is SBI UPI Transaction Limit?
State Bank of India has set a UPI limit of Rs 1,00,000 per transaction for its customers. This is applicable to all UPI apps. This means that customers can send up to Rs 1,00,000 from their SBI account to anyone at a time. Apart from this, the bank does not allow its customers to make more than 10 UPI transactions in a day.
However, SBI has not set any limit on monthly or annual UPI transactions. This means that customers can make UPI transactions as many times as they want in a month or year.
UPI Transaction Limit: How to change UPI transaction limit?
If customers want to customize the UPI limit on their SBI account, they can do so through the SBI YONO app and manage the account. Here is the procedure to change the SBI UPI transaction limit:
– First, log in to SBI Net Banking or YONO app.
– Click on the ‘UPI Transfer’ option.
– Go to ‘Set UPI Transaction Limit’.
– Enter your internet banking password.
– After viewing the current UPI limit, enter the new limit.
– If the current limit is Rs. 1,00,000, it cannot be increased.
– But, it can be decreased.
– Enter the new limit and click on ‘Submit’.
– The new limit will be set after OTP verification.
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